WTI turns bullish
With yesterday's weekly API inventories, oil turned bullish. Data showed that the inventories are lower, which leads to a heighten demand for oil. Thus the price jumped into positive territory, breaking our previous bearish scenario and the flag is no more.
Current projection is for a rise in price of WTI towards the 59.66 price zone, where it may meet some resistance for a move down towards 52.79 zone.
Alternatively, the price may extend its gains towards 61-62 price range. Current bias has changed towards bullish because the fundamentals has changed.
Current projection is for a rise in price of WTI towards the 59.66 price zone, where it may meet some resistance for a move down towards 52.79 zone.
Alternatively, the price may extend its gains towards 61-62 price range. Current bias has changed towards bullish because the fundamentals has changed.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.